(Alliance News) - Azimut Holding Spa reported Wednesday that it closed April with net inflows of EUR595 million, bringing the ttotal since the beginning of the year to EUR2.1 billion.

Total assets including assets under administration stood at EUR92.8 billion at the end of April, of which EUR61.0 billion refer to assets under management.

Gabriele Blei, group CEO, said, "April marks another month of strong net inflows, highlighting the quality of our investment offerings. Eighty-four percent of the approximately EUR600 million in inflows can be attributed to our managed solutions, reflecting investors' continued confidence in our strategies. In particular, we saw consistent demand for our fund solutions in key markets such as Italy and Brazil, supported by both our internal networks and strategic partnerships."

"Leveraging the solid growth seen since the beginning of the year, and coupled with recent corporate developments, we are confident in our ability to not only meet but exceed the targets set for the full year 2024 of over EUR7 billion in net inflows and EUR500 million in net income. These results not only reaffirm our commitment to creating shareholder value but also reflect the effectiveness of our strategic initiatives and the resilience of our diversified business model."

Azimut Holding's stock is up 0.5 percent at EUR25.61 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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